Mygate
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Founders
About
Mygate is a Bengaluru-headquartered technology platform for gated residential communities, founded in 2016 12. The platform provides resident welfare associations and residents with tools to manage gate security and visitor access, society finances and accounting, amenities booking, internal communications, and operations 12. It also operates a brand engagement and advertising platform for consumer brands targeting community households 1.
As of June 2026, Mygate serves more than 27,000 residential communities accounting for 5.7 million homes across India 12. The company’s operating revenue grew 80% to ₹173.5 crore in FY25 from ₹96.2 crore in FY24, while net loss narrowed 61% to ₹15.4 crore 1.
On June 10, 2026, Mygate announced ₹225 crore in growth funding from Dharana Capital, which acquired a 12-14% stake through a mix of primary capital infusion and secondary share sales 123. The round was Mygate’s first major fundraise in more than three years, following a ₹100 crore round in November 2022 1. The company plans to expand to 10 million homes 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-10 | Growth | ₹225 Cr | Dharana Capital | – 123 |
| 2022-11 | Earlier round | ₹100 Cr | – | – 1 |
What Investors Say
“Mygate is a household brand in the community management category and…has established clear market leadership.”
— Vamsi Duvvuri, Founder and Managing Partner of Dharana Capital, in the investment announcement, June 10, 2026 2
What Founders Say
“We are excited to have Dharana Capital join us in our growth journey. Dharana’s deep engagement with portfolio companies makes them a strong partner.”
— Abhishek Kumar, Co-Founder and CEO of Mygate, in the investment announcement, June 10, 2026 2
Sources
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“Mygate secures Rs 225 Cr from Dharana Capital,” Entrackr, June 10, 2026, accessed June 2026. https://entrackr.com/news/mygate-secures-rs-225-cr-from-dharana-capital-1202013↩↩↩↩↩↩↩↩↩
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“Dharana Capital invests INR 225 crore in Mygate to accelerate expansion and platform growth,” MediaNews4U, June 10, 2026, accessed June 2026. https://www.medianews4u.com/dharana-capital-invests-inr-225-crore-in-mygate-to-accelerate-expansion-and-platform-growth/↩↩↩↩↩↩↩↩
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“Residential community management platform Mygate raises Rs 225 Cr from Dharana Capital,” YourStory, June 10, 2026, accessed June 2026. https://yourstory.com/2026/06/mygate-raises-rs-225-cr-from-dharana-capital↩↩